Share to FacebookShare to TwitterShare to LinkedinElon Musk Getty Images The Tesla chief’s new Twitter toy is proving to be even more distracting than investors feared. In late September 2021, as Tesla shares soared, Elon Musk overtook Jeff Bezos to become the richest person in the world–and the third (after Bezos and Bernard Arnault of…
Share to FacebookShare to TwitterShare to LinkedinTopline Though the labor market’s overall resilience continues to puzzle experts, the plight of rising interest rates, which are spurring a historic plunge in home sales, could soon lead to a rash of harsher job cuts across the housing sector—which, alongside the technology industry, has already seen firms lay…
Share to FacebookShare to TwitterShare to LinkedinTopline Shares of Facebook parent Meta overtook the dubious honor as the biggest loser on the S&P 500 this week as the Silicon Valley giant bleeds money to fund its CEO Mark Zuckerberg’s metaverse vision and underscores big tech’s 2022 downfall. It’s been a rough year for Zuckerberg and…
Share to FacebookShare to TwitterShare to LinkedinTopline No one bagged Wednesday night’s billion-dollar Powerball draw, sending the jackpot soaring to a nearly record-breaking $1.5 billion for the next draw, the lottery said, though any lucky winner will face a hefty tax bill and take home much less than the headline prize—here’s how much. Wednesday’s Powerball…
Share to FacebookShare to TwitterShare to LinkedinTopline No one bagged Monday night’s billion-dollar Halloween Powerball draw, sending the jackpot soaring to $1.2 billion for the next draw on Wednesday, the lottery said, though any lucky winner will face a hefty tax bill and take home much less than the headline prize—here’s how much. Wednesday’s Powerball…
Share to FacebookShare to TwitterShare to LinkedinTopline Elon Musk tweeted a link Sunday to an unfounded conspiracy theory about the attack on House Speaker Nancy Pelosi’s husband, before eventually deleting his tweet hours later, just three days after the billionaire Tesla CEO acquired Twitter and pledged to make changes to how it handles content moderation.…
Share to FacebookShare to TwitterShare to LinkedinParag Agrawal is leaving Twitter with a payout that could be as high as $57.4 million (Photo by Kevin Dietsch/Getty Images) Getty Images When Elon Musk completed his $44 billion takeover of Twitter on Thursday evening, he immediately cleaned house. Among the high profile axes was chief executive Parag…
Share to FacebookShare to TwitterShare to LinkedinAmazon founder Jeff Bezos and philanthropist MacKenzie Scott got divorced in 2019. Samir Hussein/Getty Images; Javier Rojas/Newscom Amazon founder Jeff Bezos accepted an unusual award earlier this month. During an interfaith summit on religion and philanthropy at the Vatican, Bezos and chef Jose Andres became the first-ever recipients of…
Share to FacebookShare to TwitterShare to Linkedin Illustration by Forbes; Photos by Jeremy Moeller/Getty Images; Jonathan Knowles/Getty Images Adidas has initiated a hiring freeze but suggested it does not plan to conduct layoffs after it cut ties with hip-hop mogul Ye, forfeiting a multibillion-dollar business that had become increasingly problematic in recent weeks. “This is…
Share to FacebookShare to TwitterShare to LinkedinTopline Major stock indexes gained Monday as the market looks to build on a surprisingly strong week, though several notable companies, including Tesla and several New York-listed Chinese firms mounted large losses. Stocks are set for another day of gains. Getty Images Key Facts The Dow Jones Industrial Average…
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